IATA Airlines Financial Monitor

We are pleased to send you herewith the September report of the Airlines Financial Monitor.

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Key points:

The final Q2 2019 airline financial data showed that industry-wide profitability was steady compared to the same quarter a year ago, but this masks significant regional differences. North American airlines continued to outperform the overall industry result, with the operating margin improving further. In contrast, margins weakened both in Europe and the Asia Pacific vs Q2 2018.
The global airline share price index rose solidly in September, rising 3.6% and outpacing global equities (up 2.0%). The year to date performance of the global airline index turned positive this month (up 2.1%) but is still lagging the overall global equity market (up 14.1% year-to-date).
Global passenger yields moved a little higher this month, with the support of both the economy and premium cabin. Cost pressures from fuel prices in September proved to be temporary as expectations of weaker global growth outweighed geopolitical risks.
In seasonally adjusted terms, air passenger demand maintained its moderate growth trend while freight demand continued to deteriorate. This divergence is also visible in passenger and freight capacity growth.

Press release IATA

IATA Airlines Financial Monitor - September 2019